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MBA Finance Salary in India 2024 - Popular Jobs, Salary Packages, Top Recruiters
Edited By Anusha Bhalotia | Updated on Aug 28, 2024 03:10 PM IST
MBA Finance Salary in India ranges from 3 LPA to 30 LPA. The MBA salary in finance depends on the type of MBA college, educational background, level of experience, company one is working in and location. MBA from IIMs will easily offer an average salary package of 25 LPA. MBA in finance is a great option for individuals with good mathematical skills and an interest in accounting. Continue reading this article to know the MBA finance salary of freshers, experienced professionals, top-paying jobs in finance and much more.
This Story also Contains
- MBA Finance Salary in India: Key Highlights
- MBA Finance Salary in India: Popular MBA Finance Jobs
- MBA Finance Salary in India: Experience-wise
- MBA in Finance Salary for Freshers
- MBA Finance Salary after 10 Years
- IIM Salary Package in Finance
- MBA Finance Salary in Top MBA Colleges
- MBA Finance Salary in Government Sector
- MBA Finance Salary in Private Sector
- MBA Finance Salary by Top Recruiters
MBA Finance Salary in India: Key Highlights
The main purpose of candidates pursuing MBA in finance is the high placement packages offered by top companies. Individuals wishing to pursue MBA in finance are suggested to have a look at these key highlights:
- Average MBA in finance salary in India offered by top B-schools like IIMs and IITs ranges between 15-30 LPA.
- MBA placement package in finance offered by premier institutions is between 12-18 LPA.
- MBA in finance from an average MBA college in India can get you a salary package ranging between 2-10 LPA.
Also Read: Online MBA in Finance
MBA Finance Salary in India: Popular MBA Finance Jobs
Candidates with an MBA degree in finance must know the types of jobs available and the salary for MBA in finance offered for those positions. Given below is the list of some of the top finance jobs with promising salaries in India.
MBA Finance Jobs in India | MBA Finance Salary In India |
Financial Analyst | 5 Lakhs - 8 Lakhs |
Business Analyst | 6 Lakhs - 12 Lakhs |
Relationship Manager | 7 Lakhs - 9 Lakhs |
Finance Manager | 10 Lakhs - 18 Lakhs |
Equity Research Analyst | 7.5 Lakhs - 12 Lakhs |
Research Analyst | 6 Lakhs - 10 Lakhs |
Chief Financial Officer | 15 Lakhs - 20 Lakhs |
Bank Manager | 6 Lakhs - 10 Lakhs |
Account Manager | 7 Lakhs - 12 Lakhs |
Also Read: Top 10 Career Options After MBA in Finance
MBA Finance Salary in India: Experience-wise
MBA salary in finance majorly depends on the level of experience one has in this field. Check out the salary offered for various positions to freshers and experienced professionals.
MBA in Finance Salary for Freshers
An average MBA in finance starting salary offered to freshers is Rs. 4.5 LPA. Have a look at the entry-level MBA finance salary for graduates for various job roles below in the table.
Job Role | MBA Finance Fresher Salary |
Financial Planner | Rs. 3.5 LPA |
Investment Banker | Rs. 7.5 LPA |
Risk Manager | Rs. 5 - 7 LPA |
Equity Analyst | Rs. 4 LPA |
Financial Advisor | Rs. 3 LPA |
Finance Manager | Rs. 5 - 7 LPA |
Business Analyst (Finance) | Rs. 4-5 LPA |
Portfolio Manager | Rs. 5 - 7 LPA |
Financial Analyst | Rs. 3 LPA |
Accounting Manager | Rs. 5.4 LPA |
Bank Manager | Rs. 4 LPA |
MBA Finance Salary after 10 Years
Individuals can get an average MBA finance salary of Rs. 10 LPA after 5-10 years of experience in various financial roles. Check out the finance in MBA salary listed in the table below.
Job Role | MBA Finance Salary after 10 Years |
Financial Planner | Rs. 7-12 LPA |
Investment Banker | Rs. 17 LPA |
Risk Manager | Rs. 10 LPA |
Equity Analyst | Rs. 7-8 LPA |
Financial Advisor | Rs. 5 LPA |
Finance Manager | Rs. 10 LPA |
Business Analyst (Finance) | Rs. 8-9 LPA |
Portfolio Manager | Rs. 10 LPA |
Financial Analyst | Rs. 5-6 LPA |
IIM Salary Package in Finance
IIMs are one of the top MBA colleges in India offering highest paid jobs after MBA in finance. An average IIM salary package in finance ranges between Rs. 20 LPA to 25 LPA. Students can check out the IIM MBA finance salary in India based on the average package offered by various recruiters.
Name of IIM | Average IIM MBA Finance Salary |
IIM Ahmedabad | Rs. 33 LPA |
IIM Bangalore | Rs. 32 LPA |
IIM Calcutta | Rs. 40 LPA |
IIM Lucknow | Rs. 35 LPA |
IIM Kozhikode | Rs. 20 LPA |
IIM Indore | Rs. 20.5 LPA |
IIM Shillong | Rs. 20 LPA |
IIM Rohtak | Rs. 16.06 LPA |
IIM Ranchi | Rs. 20 LPA |
IIM Raipur | Rs. 18 LPA |
IIM Tiruchirappalli | Rs. 20 LPA |
IIM kashipur | Rs. 14.4 LPA |
IIM Vishakhapatnam | Rs. 15.2 LPA |
IIM Bodh Gaya | Rs. 12 LPA |
IIM Amritsar | Rs. 14.63 LPA |
IIM Sirmaur | Rs. 12.8 LPA |
IIM Sambalpur | Rs. 12.2 LPA |
IIM Jammu | Rs. 12 LPA |
Check: IIM Admission
MBA Finance Salary in Top MBA Colleges
Other than IIMs, major B-schools in India provide MBA in finance admission and offer high salary packages, sometimes higher than top IIMs. Candidates can have a look at the finance degree with MBA salary package offered by a few of the top non-IIMs mentioned below.
Name of the Institution | Average MBA Finance Salary |
FMS Delhi | INR 25-30 LPA |
MDI Gurgaon | INR 26 LPA |
XLRI Jamshedpur | INR 18-20 LPA |
SPJIMR Mumbai | INR 22.1 LPA |
JBIMS Mumbai | INR 18.91 LPA |
IIFT Delhi | INR 18.27 LPA |
MBA Finance Salary in Government Sector
Plenty of government jobs after MBA finance are available in India for MBA aspirants to choose from. Government sector banks and telecom companies hire MBA finance freshers and experienced professionals for various job roles. The average finance MBA salary in India offered in the government sector is Rs. 15 LPA. Check out the companies, MBA finance job salary offered by these companies in government sector mentioned below.
Top Government Companies | Job Profiles | Average MBA in Finance Salary |
SBI | Bank Manager | Rs. 9 LPA |
Branch Manager | Rs. 17.2 LPA | |
Chief Manager | Rs. 29.5 LPA | |
BSNL | Account Officer | Rs. 10.7 LPA |
Junior Accounts Officer | Rs. 8.3 LPA | |
National Dairy Development Board (NDDB) | Deputy Manager | Rs. 14 LPA |
Account Assistant | Rs. 3.8 LPA | |
Senior Manager | Rs. 20 LPA | |
Executive Accountant | Rs. 5.4 LPA | |
Dredging Corporation of India Limited | Joint General Manager | Rs. 27.5 LPA |
Deputy Manager | Rs. 14.9 LPA | |
Bharat Earth Movers Limited (BEML) | Assistant General Manager | Rs. 19.2 LPA |
Accounts Officer | Rs. 10.6 LPA | |
Assistant Manager | Rs. 13.6 LPA | |
Bank of Baroda | Credit Manager | Rs. 13 LPA |
Banking Officer | Rs. 7.5 LPA | |
Credit Analyst | Rs. 13.4 LPA | |
LIC | Finance Branch Manager | Rs. 16.3 LPA |
Financial Consultant | Rs. 2.8 LPA |
Check Out: MBA in Finance Career Options
MBA Finance Salary in Private Sector
The average MBA finance salary in private sector ranges from Rs. 3.6 LPA to Rs. 34.5 LPA. Given below are some of the MBA finance jobs with salary offered by top recruiters in private sector.
Top Private Companies | Job Profiles | Salary (INR) |
Goldman Sachs | Analyst Developer | Rs. 19.30 LPA |
Investment Banking Analyst | Rs. 22.2 LPA | |
Senior Financial Analyst | Rs. 6.9 LPA | |
Morgan Stanley | Senior Manager | Rs. 27.13 LPA |
Financial Analyst | Rs. 7.4 LPA | |
Boston Consulting Group | Senior Associate | Rs. 34.5 LPA |
Senior Financial Analyst | Rs. 18.3 LPA | |
Bain and Company | Associate Consultant | Rs. 25.7 LPA |
Junior Consultant | Rs. 30.2 LPA | |
Finance Coordinator | Rs. 9.3 LPA | |
JP Morgan | Financial Analyst | Rs. 9.05 LPA |
Investment Banking Analyst | Rs. 23.7 LPA | |
Credit Analyst | Rs. 11.9 LPA | |
TCS | Business Finance Manager | Rs. 10 LPA |
Financial Analyst | Rs. 3.6 LPA | |
Reliance Industries | Finance Manager | Rs. 12.5 LPA |
Accounts & Finance Manager | Rs. 15.1 LPA |
MBA Finance Salary by Top Recruiters
Given below in the table are the top global recruiters offering lucrative salary after MBA finance and job roles to candidates.
Goldman Sachs | Infosys | KPMG |
HDFC | Goldman Sachs | Amazon |
Capgemini Consulting | JP Morgan Chase & Company | |
Accenture | TCS | Deutsche Bank |
Boston Consulting Group | McKinsey & Company | Barclays |
Also Read: What After MBA in Finance?
Frequently Asked Questions (FAQs)
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